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Update On Company Liquidations And Bankruptcies
The law relating to liquidations and bankruptcies changed recently. Our article “Company Liquidations and Bankruptcies Are Handled Differently Under New Legislation” outlines the main changes.
The government has recently announced that regulations are being drafted to bring these changes into effect. It is currently anticipated that the changes regarding company liquidations will take effect in October/November 2007 and the changes to bankruptcies in December 2007.
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